Sapiens International (NASDAQ:SPNS) Hits New 1-Year High at $32.33

Sapiens International Co. (NASDAQ:SPNS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $32.33 and last traded at $32.16, with a volume of 196726 shares trading hands. The stock had previously closed at $31.46.

Analyst Ratings Changes

Several equities research analysts recently commented on SPNS shares. The Goldman Sachs Group raised their target price on Sapiens International from $34.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Barclays raised their target price on Sapiens International from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sapiens International has an average rating of “Moderate Buy” and an average price target of $34.33.

Sapiens International Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 2.11. The firm has a fifty day simple moving average of $29.36 and a 200-day simple moving average of $27.88. The company has a market capitalization of $1.77 billion, a PE ratio of 28.71 and a beta of 1.17.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The business had revenue of $130.86 million during the quarter, compared to the consensus estimate of $130.85 million. During the same period in the previous year, the business earned $0.31 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Sapiens International Co. will post 1.37 EPS for the current fiscal year.

Sapiens International Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, April 5th will be issued a $0.28 dividend. This represents a dividend yield of 1.7%. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.26. The ex-dividend date is Thursday, April 4th. Sapiens International’s payout ratio is 46.43%.

Institutional Investors Weigh In On Sapiens International

A number of institutional investors have recently made changes to their positions in SPNS. Meeder Asset Management Inc. bought a new stake in shares of Sapiens International in the 4th quarter valued at approximately $25,000. FMR LLC boosted its position in Sapiens International by 312.5% during the 1st quarter. FMR LLC now owns 1,613 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,222 shares during the period. Psagot Value Holdings Ltd. Israel acquired a new position in Sapiens International during the 4th quarter valued at approximately $41,000. State of Tennessee Treasury Department acquired a new position in Sapiens International during the 2nd quarter valued at approximately $99,000. Finally, Morgan Dempsey Capital Management LLC boosted its position in Sapiens International by 37.2% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 3,841 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,041 shares during the period. 30.73% of the stock is currently owned by institutional investors.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.